SK Hynix abandons Solidigm's US IPO, Micron and SanDisk are expected to benefit from reduced NAND supply pressure BlockBeats News: On October 24th, according to an analyst report from LYNX Equity Strategies, SK Hynix has abandoned its Solidigm IPO plan in the United States, which means that its original plan to expand NAND flash storage capacity in the United States through IPO financing has been blocked. Analysts believe that if the relevant expansion plan is implemented, it may increase global supply and suppress industry pricing in three years or more; Now that this potential risk has dissipated, it is a substantial positive for Micron and SanDisk. Analysts also pointed out that this change mainly affects the medium and long-term supply expectations, and has not immediately changed the current market supply and demand pattern. The stock price performance of related companies is still affected by the overall market environment. Intel is facing a slight bearish trend as its Ohio campus may lose a potential manufacturing project. On Friday, Micron closed up 2.46%, while SanDisk closed down 1.82%. [Original link]